A rare opportunity to acquire 12 freehold garages and five parking spaces producing 15,799 per annum with the potential for rental growth. The garages are of concrete construction with corrugated flat rooves and up and over doors. The parking spaces have been tarmacked. They are situated in the Westhill area of Brighton being just off Upper Gloucester Road between Brighton station and Churchill Square. There are comprehensive shopping facilities and amenities in the vicinity with easy access to the seafront. There are excellent road links to all surrounding towns including Worthing, Eastbourne, with access to Gatwick and London via the nearby A23.
Garages 1,2,7,9,10 & 12 Tenancy Let under the terms of renewable rolling Licences, each at a current rental of 100 per calendar month.
Garage 8 Tenancy Let under the terms of a renewable rolling Licence at a current rental of 200 per calendar month.
Garage 3 & 5 Tenancy Vacant.
Garages 4,6 & 11 Tenancy Let under the terms of renewable rolling Licences, each at a current rental of 108.33 per calendar month. Garage 4 will become vacant from 15 March 2025.
Car Parking Spaces Spaces 1,4 & 5 Tenancy Vacant.
Spaces 2 & 3 Tenancy Let under the terms of renewable rolling Licences, each at a current rental of 100 per calendar month.
Site Measurements The site extends to approximately 0.02 hectares (0.06 acres).
Freehold with Part Vacant Possesssion
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
Investment for sale in West Side Of New Dorset Street
Contact Clive Emson Auctioneers
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